Corporate speak -
Could mean any number of things...that the FAA has found some things...problems with management, pilots, maintenance...they mismanaged, ran out of money...
I know that they are one of the outfits that seemed to pull of the bottom of the resume pile....
Reminds a little of Hawker...after all these years of doing well...then, going broke...like GM....so maybe they fleeced the company after the hype...after the investors jumped in...couldn't make it in tough times.....
Either way, it's one of those corporate statements meant to put some spin on things without spelling out what is going on.